Steve Spencer reviews trading opportunities in GILD and DHI from November 12th 2012. Steven Spencer is the co-founder of SMB Capital and SMB University and has traded professionally for 16 years. His email is [email protected]. No relevant positions
ESRX Crescendo
Sorry for the delay on this post. A few had asked about the message I shared on StockTwits Tuesday morning regarding ESRX putting in a bottom. Tuesday morning ESRX was on the top of our list of In Play stocks. Was gapping down and set up for a nice short right on the Open. Our “best case” scenario for downside … Read More
IF I Develop a Trading Plan THEN My Results Will Improve: EXPE (10.26.12)
I tweeted this week that trading is about having a series of if/then statements and not about making predictions. In practical terms this means that traders are game planning for every stock on their watch list. They are making decisions on how to trade each name based on price action, market conditions and news catalysts. For every stock I look … Read More
The Apple Story
There have been very competent traders discussing signs of weakness in AAPL since it failed at 680ish. And since then there have been several excellent swing shorts AND swing longs. The price action has loosened up as the debate continues on where it should be priced coming into its earnings release this week and after its disappointing Iphone 5 release. … Read More
Live From the Trading Floor – 10.17.12
Steve will be broadcasting every Monday, Wednesday and Friday at 11:15 am EDT and you will have the opportunity to chat with him through our new Stocktwits chat feature. Don’t miss it! In today’s show Steve Breaks down the big picture via the SPY (0-2) Talks earnings stocks IBM CREE Discusses why he traded FTNT long (6-7) Discusses 2nd Day … Read More
Live From The Trading Floor – 10.15.12
Steve will be broadcasting every Monday, Wednesday and Friday at 11:15 am EDT and you will have the opportunity to chat with him through our new Stocktwits chat feature. Don’t miss it! In todays show Steve Discusses AAPL’s recent price action and whether it is bottoming (1-4) Discusses LLY as a follow through trade (4-6) Discusses C as an earnings … Read More
How Long Does It Take To Learn To Trade Forex?
This is one of the most common questions educators have to address when offering programs to help newer traders improve. It is also one of the most difficult questions to answer. Usually the answer you get is, “Well, it’s different for everybody. That is a nice and easy way out. You can actually answer this questions yourself by examining three important … Read More
Our markets are broken but still the world’s best
Bonjour. As I write I am flying from Paris, the most beautiful city I have ever seen, to the French countryside for a chateau wedding. Since there is no gogo internet access on the flight and I am sans iPad I thought I would share a story about a future trader I lunched with in Paris. Perhaps some will see … Read More